Physically Settled CLS definition

Physically Settled CLS means any Credit-Linked Security which is redeemed (or intended to be redeemed) by physical settlement upon the satisfaction of Conditions to Settlement.
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Physically Settled CLS means (i) any Credit-Linked Security which is redeemed (or intended to be redeemed) by physical settlement upon the satisfaction of Conditions to Settlement and (ii) any Auction Settled CLS where Physical Settlement is the Fallback Settlement Method and a Fallback Settlement Method Event has occurred.
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Related to Physically Settled CLS

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.